China's online retail sales surge 4% to 13.8 trn yuan YoY in 2022: NBS

China’s online retail sales in its western and eastern regions saw an increase of 3 per cent YoY and 3.8 per cent YoY, respectively, in 2022.

The country’s cross-border e-commerce trade in 2022 increased by 9.8 per cent, reaching 2.11 trillion yuan, as per the commerce ministry of China.

Furthermore, China’s online retail sales of physical goods saw a YoY increase of 6.2 per cent in 2022, reaching 11.96 trillion yuan and contributing to 27.2 per cent of the country’s total retail sales.

E-commerce sales via livestreaming observed a rapid growth, with livestreaming marketing activities reaching above 120 million, the ministry further stated.

ALCHEMPro News Desk (DP)